GALVESTON - Multifamily statistics for the Galveston area have been provided by San Antonio-based Apartment MarketData Research.

The area’s apartments remained relatively affordable in the three months ending January 2013, as Galveston’s units averaged $0.913 per sf, compared with an average of $0.914 for the Texas metro average.

Galveston’s occupancy in units built since 2010 lagged behind the Texas metro average, with a 94.4 percent occupancy rate in the area, compared with 96.3 percent for the Texas metro average.

Galveston Apartment Statistics Jan. 2013*

Galveston

Texas Metro
Average

Average rent per sf
(units built 2000-2009)

$0.913

$1.008

Average rent per sf
(units built since 2010)

$0.964

$1.160

Average rent per sf**

$0.910

$0.914

Average occupancy
(units built 2000-2009)

93.4%

96.8%

Average occupancy
(units built since 2010)

94.4%

96.3`%

Average occupancy**

92.5%

95.5%

Total units built 2000-2009

3,866

362,609

Total units built since 2010

1,312

40,721

Total units**

16,242

1,643,270

*Trailing three months
**Units reporting prior to 1970 through the present